February 03, 2026 11:25 AM EST
PayPal Names New CEO as Outlook, Results Disappoint. The Stock Is Tumbling
FROM 7 minutes ago
PayPal shares tumbled Tuesday after the payments provider’s fourth-quarter results and outlook came in short of Wall Street analysts’ estimates. The company also named a new CEO.
Shares were down over 18% recently, among the worst-performing stocks in the S&P 500 and Nasdaq as they sank to their lowest point since early 2017.
PayPal said Tuesday that it generated $8.68 billion in revenue in the fourth quarter, along with adjusted earnings per share of $1.23. Both figures missed analysts’ projections compiled by Visible Alpha.
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Interim CEO Jamie Miller said the company’s “execution has not been where it needs to be,” especially in its branded checkout operations, where PayPal is provided as an option for checking out on a retailer’s website. PayPal said its underperformance in branded checkout was “driven by weakness in US retail, international headwinds and tough compares in high-growth verticals.”
Read the full article here.
February 03, 2026 10:56 AM EST
Walmart Hits $1 Trillion Market Cap
FROM 37 minutes ago
The trillion-dollar club has a new member.
Retail giant Walmart (WMT) surpassed $1 trillion in market capitalization Tuesday as its shares surged 2%.
Shares of Walmart have risen nearly 14% in 2026 and have added more than a quarter of their value of the past 12 months as the company has made inroads with higher earners.
John Furner took over as Walmart’s CEO this week from Doug McMillon, who announced his retirement in November.
Eli Lilly (LLY), which ranks just below Walmart with a market cap of $935 billion, reports quarterly results Wednesday.
–Peter Gratton contributed to this post.
February 03, 2026 09:47 AM EST
Investors Love Palantir’s Earnings. The Stock Is Soaring
FROM 1 hr 46 min ago
Palantir looks primed to bounce.
Shares of the AI-powered software company were 6.5% higher in early trading, looking set to reverse a slide that has lasted about three months. Palantir’s (PLTR) stock—recently up to near $159—is eating into year-to-date losses; the shares finished 2025 at just under $178 apiece.
Last night’s release of an upbeat sales outlook and quarterly financial results—both which were better than Wall Street expected—as well as some braggadocio in a letter from CEO Alex Karp, is powering the shares higher this morning. Those numbers may also help reassure some investors that software stocks aren’t necessarily all doomed to be devoured by AI. (That’s not a unanimous determination, but it’s undoubtedly a concern.)
Laurent Hou / Hans Lucas / AFP via Getty Images)
Read the full story here.
February 03, 2026 08:58 AM EST
Disney Taps D’Amaro to Be Iger’s Successor as CEO
FROM 2 hr 34 min ago
The Walt Disney Co. (DIS) has named its successor to longtime CEO Bob Iger, and it indeed will be Josh D’Amaro.
Before the bell Tuesday, the entertainment and media giant named Disney Experiences Chairman D’Amaro its new CEO, effective at its annual meeting on March 18.
On Sunday, Bloomberg reported that D’Amaro was a likely choice to succeed Iger, while The Wall Street Journal said Iger had told people close to him that he planned to step down before his contract was up at the end of the year.
Mike Kemp / In Pictures via Getty Images
During Monday’s earnings call, Iger didn’t address who would be his successor but said that Disney—which previously said in November 2024 that it would announce his successor in early 2026—was “in much better shape today than it was three years ago, because we have done a lot of fixing, but we’ve also put in place a number of opportunities.”
Disney shares sank 7.4% Monday despite better-than-expected results, as investors assessed reports about the company’s CEO succession plans. They advanced 1% in premarket trading following the news.
–Aaron McDade contributed to this post.
February 03, 2026 08:37 AM EST
What You Need to Know About Letting Your Money Sit Idle in a Savings Account
FROM 2 hr 56 min ago
Putting cash away in a savings account feels reassuring, but comfort alone can come at a cost. Between inflation and the rising cost of living, any account earning less than 2% or 3% is quietly losing value over time. With the national average savings rate sitting at just 0.39% APY in early 2026, you may be seeing your balance erode in purchasing power month after month.
Having a solid savings cushion is key to financial health—but how you save matters. Below, we’ll weigh the pros and cons of keeping your money in a savings account and explore smarter alternatives that could serve you better.
Traditional savings accounts excel at two things: instant access (i.e., “liquidity”) and Federal Deposit Insurance Corp. (FDIC) insurance, which guarantees up to $250,000 per depositor, per bank against loss.
Guido Mieth / Getty Images
The trade-off is opportunity cost. Park $10,000 for a year in the bank at 0.50% and you earn just $50 in interest (before taxes); if inflation averages 2.5% over the same year, your real purchasing power drops by more than $1,200. Sure, you avoid market swings, but the slow leaking of value is all but guaranteed.
Read the full story here.
February 03, 2026 08:01 AM EST
The Fed Cut Rates 3 Times—So Why Are Some Savings Accounts Still Paying 5%?
FROM 3 hr 31 min ago
Even after the Federal Reserve cut interest rates three times last fall, the very top savings account rate hasn’t budged. The leading APY was already at 5.00% before the first cut in September—and it’s still there today, despite additional reductions in October and December pushing the federal funds rate down a total of 0.75 percentage points.
That doesn’t mean the broader savings market has been immune to the Fed’s moves. Looking across today’s best high-yield savings accounts, the collective ranking has gradually slipped. As of today, the 10th-best savings rate stands at 4.20%, while the 15th-best rate—the bottom of our top-15 list—was 4.02%.
zamrznutitonovi / Getty Images
Rewind a few months and the midrank accounts paid more. At the start of September, before the Fed’s first 2025 rate cut, the 10th-best savings account offered 4.40%, and the 15th-best paid 4.31%—about 20 to 30 basis points better than today. But while those rates have slipped, the top nationwide rate has held firm at 5.00%.
Read the full article here.
February 03, 2026 07:28 AM EST
The Great Wealth Transfer: Why Inheriting a Home May Not Make You Rich
FROM 4 hr 5 min ago
After your parents or grandparents pass away, you may expect to receive some type of inheritance, whether it’s old jewelry, leftover retirement account assets, or even a home.
While inheriting a home can be a blessing, it can also come with hidden downsides. With the “Great Wealth Transfer” underway, this is an issue many Americans could face in the coming years.
During this period, a staggering $124 trillion worth of wealth is expected to transfer through 2048, with most of that wealth going to heirs, according to Cerulli Associates.
Grace Cary / Getty Images
Many people could find themselves with their parents’ home on their hands in the coming years.
A Freddie Mac survey from late 2024 found that three-quarters of Baby Boomer homeowners planned upon death to leave their home or hand down the proceeds from the sale of their home to family members.
Read the full article here.
February 03, 2026 07:06 AM EST
For the New Walmart and Target CEOs, It’s ‘Continuation’ vs. ‘Reinvention’
FROM 4 hr 27 min ago
Same title. Different task.
New CEOs started at two big retailers—Target (TGT) and Walmart (WMT)—on Sunday. Their missions vary considerably.vAt Target, Michael Fiddelke wants to stem the flight of investors and revive sluggish sales. At Walmart, John Furner aims to continue reeling in new customers and keep investors happy.
“They’re at, really, very different junctures,” TD Cowen senior equity research analyst Oliver Chen said on CNBC. “Target needs a reinvention; Walmart, continuation.”
David Paul Morris / Bloomberg via Getty Images
Fiddelke’s tenure starts as Target seeks to shake off a tough spell. Revenue has fallen year-over-year for the past four quarters. Consumers have pulled back on discretionary purchases, and some of Target’s merchandising picks fell flat. The retailer was also slower to build up the sort of delivery system that attracted shoppers to some of its competitors, Chen said. Investors took notice, with share prices falling by more than 20% over the past year.
Read the full article here.
February 03, 2026 06:39 AM EST
Stock Futures Mostly Rise as Palantir Leads Tech Shares Higher
FROM 4 hr 53 min ago
Futures contracts connected to the Dow Jones Industrial Average pointed down 0.1%.
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S&P 500 futures were up 0.1%.
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Nasdaq 100 futures advanced 0.4%.
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